Al Busaidy Mansoor Jamal & Co.

Barristers and Legal Consultants

Expertise

Regulatory

We have an in-depth understanding of Oman’s business and legal environment across a wide range of sectors and offer expertise based on our long-standing presence in the market and involvement in landmark projects and transactions.

As Oman’s regulatory regimes develop rapidly in scope and complexity in line with global trends, we are able to provide our corporate clients with advice on the laws and regulations which impact their businesses as well as on general policy and legislative developments in Oman.  Our team of senior lawyers assists clients in understanding and managing compliance with sector-specific regulations, listing rules as well as corporate governance and responsibility issues such as directors’ liabilities, insider trading, money laundering, employee relations, health and safety, environment and trade sanctions.

Our experts are also regularly called upon by ministries and government departments in Oman to advise on, review or draft laws and regulations to underpin Oman’s program of economic and infrastructure development or to accommodate increasingly complex trends in banking and finance. In particular, AMJ has been at the forefront of developments in innovative public-private partnerships, restructurings and privatisations of government entities and instrumental in shaping the governing law and regulations. We also provide advice to the Ministry of Commerce and Industry on company law reform and to the Capital Markets Authority and Muscat Securities Market on corporate governance and the regulation of the capital and securities markets.

Ahead of the introduction of Islamic banking and finance in Oman in 2012, our lawyers provided legal opinion to the Central Bank of Oman on its draft Islamic banking regulatory framework. Most recently we advised the Capital Market Authority on:-

  • a new takaful law;
  • a regulatory framework to govern a new Sharia-compliant insurance industry;
  • the development of a regulatory framework to govern sukuk financing of large-scale projects; and
  • a new law of trusts to apply to sukuk.

Our role of trusted adviser to government and regulatory authorities ensures that our lawyers enjoy a close relationship with key institutions, a valuable asset for clients seeking to identify and iron out any complexity or uncertainty that may impact their business in Oman’s fast-evolving legal environment. Our clients benefit from the integration of our regulatory practice with our corporate and capital markets, banking and finance and commercial practices which enables us to offer comprehensive solutions to clients on a wide range of issues.